Global Sodium Bicarbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sodium Bicarbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sodium Bicarbonate is a chemical compound with the formula NaHCO3. It is a salt composed of sodium ions and bicarbonate ions. Sodium bicarbonate is used in a wide range of applications including food, feed, pharmaceuticals, air pollution control, personal care products, etc.

Market Overview:

The latest research study on the global Sodium Bicarbonate market finds that the global Sodium Bicarbonate market reached a value of USD 2406.79 million in 2022. It’s expected that the market will achieve USD 3035.55 million by 2028, exhibiting a CAGR of 3.94% during the forecast period.

Strengths

Global footprints in in several countries in Europe, the America and global presence in over 55 countries.

Strong workforce support of 29,000 employees catering to a huge customer base.

Weaknesses
Company image dented by the anti allegations acquisition.
Significant level of indebtedness could limit the group's financial flexibility.
Joint civil lawsuits affect the companies reputation.

Opportunities

Increasing capacity in France to cater to huge customer segment.
Steeply growing Asian market offers great arena for growth.

Threats

Market share threatened by the intense competition in the industry.
Volatile exchange rates may have negative impact on the group's financial results.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Solvay, Inner Mongolia Yuanxing, Ciner Group with the revenue market share of 12.94%, 12.20%, 5.25% in 2022.

Australia, China, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Thailand, Vietnam, Finland, Italy, Belgium, Bulgaria, France, Germany, Netherlands, Poland, Portugal, Saudi Arabia, United Kingdom, Spain, Brazil, Chile, Guatemala, Mexico, Canada, USA.

Inner Mongolia Yuanxing Energy Co., Ltd. was founded on January 23, 1997. It is a modern energy chemical enterprise with natural alkali chemical as the leading industry, new energy chemical, fine chemical and logistics industry as the development direction, and is also the largest producer of soda ash and baking soda by natural alkali method in China. The company and its subsidiaries are mainly engaged in the production and sales of soda ash, baking soda, chemical fertilizer and other chemical products. The Yuanxing brand and Malan brand of the company are well-known trademarks in China, and the Yuanxing brand soda ash is a famous brand product in China.

Segmentation Overview:

Among different product types, Technical grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Feed Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sodium Bicarbonate market covered in Chapter 3:

Lengshuijiang Xianhe Chemical
Church and Dwight
JSC Bashkirskaya Khimiya
CIECH GROUP
Natural Soda
Xuyue
Inner Mongolia E Tuo Ke Banner Shuang Xin Chemical Industry Limited Company
Solvay
Tianjin Bohua YongLi Chemical Industry
Sisecam
Lianyungang Doda Ash
Ciner Group
Qingdao Soda Ash
SEQENS
Hebei Huachen Pharmaceutical
Hailian Sanyii
Tata Chemicals
Tosoh Corporation
Shandong Haihua Group
Inner Mongolia Yuanxing

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Bicarbonate market from 2018 to 2029 is primarily split into:

Technical grade
Medical grade
Food grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Bicarbonate market from 2018 to 2029 covers:

Feed Industry
Food Industry
Pharmaceutical Industry
Chemicals Industry
Flue Gas Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)